FedEx still ironing costly Kinko's kinks

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jun 19, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx still ironing costly Kinko's kinks - The Deal

    FedEx Corp. bummed out the stock market Wednesday by posting an $876 million quarterly loss. Overshadowed by the perception of the shipping giant's results as an economic indicator was more bad news about the company's FedEx Office unit, the twice-rebranded Kinko's Inc., which FedEx bought for $2.4 billion in 2004.

    Not that Kinko's is a complete flop. An analyst quoted in the Dow Jones piece said the retail outlets bring in $1 billion in high-margin revenue for FedEx.
     
  2. FedEX 4 Life

    FedEX 4 Life New Member

    Kinkos = Flop